✉news BusinessMarkets first seen 9 h ago, last 4 h ago, peak #18
Micron Shares Fall After Hours on Higher Capex Plans
Original: MU Stock Drops After Hours: Micron’s Heightened Capex Forecast Overpowers Q4 Beat, Expectation-Beating Q1 Guidance
Micron shares dropped in after-hours trading despite beating expectations for its fiscal fourth quarter and issuing better-than-expected guidance for the first quarter. The decline came as the company's sharply higher capital expenditure forecast outweighed the positive results, with investors weighing the cost of expanded capacity against strong demand prospects.
Why now: Investors are reacting to Micron's elevated capex plans overshadowing strong earnings results.
Rank over time, top of the chart is #1. 7 snapshots from 9 h ago to 4 h ago.
Evidence
- MU Stock Drops After Hours: Micron’s Heightened Capex Forecast Overpowers Q4 Beat, Expectation-Beating Q1 Guidance · finance.yahoo.com
API: https://socialmediatrends-api.osmike.com/v1/trends/548396